Key Developments For Grupo Financiero Galicia S.A.
Grupo Financiero Galicia S.A. (GGAL.O) (Consolidated Issue listed on NASDAQ Capital Market)
Grupo Financiero Galicia S.A. Announces Issuance of Negotiable Bonds Series I and II Within the Global Program of Negotiable Bonds Issuance
Grupo Financiero Galicia S.A. announced that it will issue a negotiable bonds series I and II for up to USD 45,000,000 within the Global Program of Negotiable Bonds Issuance. The bonds series I will be issued on June 4, 2009 for total value of USD 34,404,395. The issue price is 92.68% of the nominal value and expiration date on May 30, 2010. The bonds series II will be issued on June 4, 2009 for total value of USD 10,595,605. The issue price is 103.48% of the nominal value and expiration date on May 25, 2011.
Grupo Financiero Galicia S.A. Subsidiary, Banco de Galicia Buenos Aires S.A., Acquires 80% Stake in Three Companies from American International Group Inc and AIG Consumer Financial Group
Grupo Financiero Galicia S.A. announced that its subsidiary, Banco de Galicia Buenos Aires S.A., has acquired a 80% stake in Compania Financiera Argentina S.A., Cobranzas & Servicios S.A. and AIG Universal Processing Center from American International Group Inc and AIG Consumer Financial Group. The price of the transaction was set at ARS 133,200,000.
Grupo Financiero Galicia S.A. Announces Global Program of Negotiable Bonds Issuance
Grupo Financiero Galicia S.A. announced that on March 9, 2009 it agreed on the creation of Global Program of Negotiable Bonds Issuance in the amount of up to USD 60,000,000.
Grupo Financiero Galicia S.A. Announces Loan Agreement
Grupo Financiero Galicia S.A. announced that it signed a no-guarantee loan agreement for a sum of US$8,000,000 to be paid out in two years. The loan is destined to finance the integration of shares of Banco de Galicia y Buenos Aires S.A.
